Thursday, November 29, 2012

When The Bailout Kings Are Not Around...

A little over a week after Hostess Brands formally announced its plans to wind itself down, the bankrupt maker of Twinkies and Devil Dogs is dealing with more interest from potential buyers than it can handle.

Advisers to Hostess are in active talks with about 110 suitors, including regional bakeries and national supermarket chains, an investment banker for the company said in Federal Bankruptcy Court for the Southern District of New York on Thursday. In perhaps a more reassuring sign, many of these suitors appear ready to spend big amounts of money.

People voluntarily risking their money to pick up the pieces, because they see an opportunity...And paying a mutually agreed upon market price.